Tag: CVL Srinivas

  • GroupM revises Ad Spend growth to 12.5% from earlier 11.6%

    GroupM revises Ad Spend growth to 12.5% from earlier 11.6%

    MUMBAI: GroupM revised their annual estimated advertising expenditure (AdEx) for 2014 from 11.6 per cent to 12.5 per cent released earlier this year. The AdEx revision is part of the global report called the ‘This Year, Next Year’ 2014.

     

    Speaking about the various sectors contributing to the revised growth, GroupM South Asia CEO CVL Srinivas said, “After a cautious start to the year, the overall sentiment in the country is positive following the general elections and a new stable government. One of the sectors that is adding to the growth story in India is retail. Specifically e-Commerce players that are investing heavily in above the line advertising along with digital media. Industries like FMCG, Auto, telecom and BFSI are expected to increase spends given competitive pressures and clear policies.”

     

    While, digital media continues to show the maximum growth with 35 per cent, television spending is set to grow to 14.8 per cent as against the previously predicted 12 per cent. In print, as government spending and retail will continue to increase spending, regional publications and local advertisers are projected to lead the growth for dailies.

     

    ‘This Year, Next Year’, is part of GroupM’s media and marketing forecasting series drawn from data supplied by holding company WPP’s worldwide resources in advertising, public relations, market research, and specialist communications.

     

    GroupM globally also released their revised estimate India, Brazil and Russia remain among the faster-growing ad markets.

  • Facebook signs first agency deal in India with GroupM

    Facebook signs first agency deal in India with GroupM

    MUMBAI: During her recent visit, Facebook COO Sheryl Sandberg, signed the company’s first agency deal in India with WPP’s integrated media and marketing company, GroupM.

     

    “Our partnership with GroupM will benefit clients to reach over 100 million people in India, 84 million on mobile — both smartphone and feature phone —  and custom audiences within the 100 million in urban and rural India.” said Facebook India head Kirthiga Reddy. “We’re excited about this wide-ranging collaboration which combines the strength of the world’s best global advertising platform with GroupM’s market-leading position to deliver personalised marketing at scale.”

     

    GroupM has been creating cutting edge digital solutions for clients and given its access to data and research and has been integrating digital with traditional media for its clients. GroupM south Asia CEO CVL Srinivas said, “We are delighted with the Facebook partnership that can help unlock even greater value for our clients. We work closely with Facebook globally, regionally and locally. India is projected to be the largest country for Facebook by people very soon and we see exciting possibilities for our clients. This partnership adds to the set of enablers we have created over the years that can help drive digital adoption in our market.”

     

    For Nokia Lumia, GroupM pioneered the deployment of Facebook’s outcome measurement and leveraged Facebook’s sophisticated targeting capabilities to deliver a 54x return on Facebook ad spend.

     

    Once again, leveraging Facebook’s sharp targeting capability, GroupM delivered outstanding results for Arrow, a premium apparel brand. Arrow was running an end of season sale and wanted to drive a special discount promotion to an audience between 18 to 35 years old residing in metro cities. Arrow was able to deliver a 30x return on Facebook ad spend and a significant redemption rate from this exclusive Facebook campaign.

     

    To add to its digital offerings, last year GroupM India launched Mash Up, a digital content unit which has been creating engaging digital content solutions for brands, the most recent being the digital video campaign with Kapil Sharma for Honda Mobilio. GroupM also manages a specialist mobile advertising company, Madhouse, bringing brands together with mobile media publishers to unleash the power of mobile. Its full service digital marketing agencies Quasar and Blazar include end to end digital solutions for advertising across the web, social media, search, analytics and creative services. As part of the renewed focus on digital, GroupM in the past year has evolved its practices in content, movie activation, experiential marketing and analytics.

  • GroupM’s market share increases to 41.2 per cent

    GroupM’s market share increases to 41.2 per cent

    MUMBAI: GroupM, WPP’s integrated media and marketing company, has topped the RECMA overall activity billings 2013 ranking of media agencies again. GroupM India increased its market share as per RECMA in the year 2013 to 41.2 per cent from 40.3 per cent in 2012. Globally, GroupM retained the number one position amongst media agency networks with a market share of 28 per cent. The RECMA report evaluates the overall activity – including buying billings and specialised services.

     

    Mindshare continues to lead in overall market share as the largest integrated media planning company in India, while the other GroupM agencies registered a healthy growth over the last year. GroupM agencies dominated RECMA’s qualitative evaluation with Maxus being the only media agency in India to be rated ‘dominant’, for the fourth year in a row. Mindshare and Mediacom were rated ‘high’ while MEC was rated ‘good’. Continuing its winning streak from 2013 where the network picked up over 80 new clients, GroupM agencies have so far won over 50 new clients in the first half of 2014.

     

    GroupM agencies continue to dominate all industry awards. Apart from that, GroupM is the only media agency network to have won the Porter Prize in 2013, ‘The Dream Company to work for’ in the media and entertainment sector and the ‘Best Employer’ at the World HRD Congress.

     

    Speaking on the year so far, GroupM south Asia CEO CVL Srinivas said, “In recent years, GroupM has taken great measures to become future ready and give our clients an edge in a highly competitive media market. We no longer plan only media for them, but give them end to end integrated marketing solutions that bring digital marketing, content, data and analytics together with traditional media such as TV, radio and print. Our collaborations with global leaders in digital media, data, technology and research, coupled with years of collective experience gives our clients the advantage of working with a true thought leader and help them build highly successful brands. We were the first agency network with whom Facebook signed a partnership agreement in India and have a similar very unique partnership with Google that brings great value to our clients”.

     

    Over the last year, GroupM took a fresh approach to integrated marketing solutions with a program called New ME. This new approach resulted in several successful campaigns including the highly impactful launch of Honda Mobilio with Kapil Sharma led by digital content and the ‘Power of 49’ campaign for Tata Tea led by TV advertising, content, mobile marketing and social impact. In May 2014, Mindshare launched the Loop Room in Gurgaon and Mumbai to help media planners and marketers pick up insights in real time. Maxus recently launched Moribus, its behavioral lab.

     

    “GroupM agencies are at the cutting edge of media and we are preparing our teams and clients to not just move with the times but stay ahead,” added Srinivas. The New ME approach also helped expand business with new clients across industries ranging from e-commerce, banking & insurance, sports, retail, healthcare, etc.

  • GroupM announces its new YCO

    GroupM announces its new YCO

    MUMBAI: Over the last year, GroupM has made a paradigm shift in the way it operates in South Asia, keeping in mind the ever changing media landscape. With the digital medium at the heart of its processes and planning, it has resulted in the conglomerate winning several new businesses across its agencies and specialist units.

     

    GroupM has announced the new members of the YCO (youth committee) for 2014-15 to help it transform into a digitally centric marketing network. The names include Ashima Chetan, Chinmay Kelkar, Dany Coutinho, Divya Nair, Farah Siddiqui, Farzeen Udwadia, Manoj Kumar, Manvi Singh, Mohit Sharma, Nakul Agarwal, Parul Pandhoh, Ruth Alice Noranho, Sangeetha Mahadevan, Subhamoy Das and Vaibhav Choudhari.

     

    The group of the brightest stars under 30 across GroupM agencies and specialist units will work together with the GroupM senior leadership on key initiatives.

     

    The YCO initiative, started a year ago, has become a benchmark for GroupM’s worldwide offices and the industry alike.  GroupM South Asia CEO CVL Srinivas said, “We launched several new initiatives in 2013 as part of our ‘New Me’ roadmap – which is helping us transform to a digitally centric marketing communications network from just a media agency. YCO was one such initiative in the talent space. We wanted to harness the knowledge, energy and enthusiasm that exist at the junior levels of the organisation and give them a platform where they could add value to our network. The YCO worked closely with the senior leadership team (EXCO) through the year in three areas – digital transformation, talent retention and internal & external communication programs. We got a lot of rich and valuable insights from YCO in all these areas and have made several changes to the way we used to operate”

     

    GroupM South Asia chief talent officer Gaurav Hirey added, “The YCO initiative has been tremendously successful at GroupM. This year we have integrated a reverse mentoring element into the program where YCO members will mentor an EXCO member helping them sharpen or develop new skills. We believe that this initiative just like many others in GroupM will help us to be future ready and deliver client delight.”

     

    GroupM India, the country’s largest media investment conglomerate, was honored with the ‘The Dream Company to Work’ award for in the media and entertainment sector. GroupM is also in the overall list of ‘Dream Employer of the Year’ in India. The awards have been conferred by the World HRD Congress 2014 in Mumbai.

  • We are very choosy when we hire people: Gaurav Hirey

    We are very choosy when we hire people: Gaurav Hirey

    Founded a decade ago, WPP Group’s biggest media agencies came under one umbrella to form GroupM and since then there has been no looking back. In India the agency has been crowned as the ‘Dream company to work with’ as well as ‘Dream employer of the year’; with over 1300 people spread across 10 cities and have 20 offices and growing each day!

     

    With the appraisal season on, Indiantelevsion.com’s Meghna Sharma caught up with GroupM South Asia chief talent officer Gaurav Hirey to know more about the machinery that runs the agency.  He has the expertise of around 20 years in talent management and believes himself to be a game changer who brings innovative full impact talent initiatives to life and helps organisations leverage their most important resource – their people – to be the best that they can be.

     

    What makes GroupM the dream company to work for?

     

    Our people make GroupM a “Dream Company”. It is our talent vision to make people our unfair advantage in the marketplace by being not just the best place to work in but the place where the ‘best’ work.

     

    We do not have one single employee value proposition we have six. These are five agencies Mindshare, Maxus, Mediacom, MEC and Motivator and GroupM as the conglomerate. It has been our ability to define our Employee Value Proposition clearly and manage it well which recently earned us the title of “Dream Company to work for” in 2014.

     

    Whether it is having an opportunity of being a part of the Youth Executive Committee (YCO) and working with the best in the industry, or getting a paid holiday on your birthday or being able to have access to a bouquet of learning and capability options or selecting a career path and growing within the company, GroupM as an organisation is able to provide options to our employees at each and every stage. We are a place where we don’t just offer jobs we offer careers!

     

    GroupM was also named ‘Dream Employer of the Year’ in India. How do you choose the talent?

     

    Selectively! We are very choosy when we hire people. 

     

    GroupM is a group of five media agencies and each of these agencies have defined a set of behaviours that they believe in coupled with their client and employee proposition. We match the candidate to these behaviors arriving at a best fit for the candidate not just from a role perspective but also from an agency perspective thus giving the candidate the best possible opportunity to succeed.

     

    How different are your HR policies from the others?

     

    As any responsible corporate, we do have the typical, run of the mill HR policies. However The GroupM Talent function is always striving to ensure that we build policies keeping our employees at the centre of everything we do. Principally we customise all our initiatives to what the business needs rather than focusing on doing HR for the sake of HR.

     

    For example, we have an office policy that states clearly that office times are 9:30 am reporting to 6:00pm. However we allow complete flexibility to managers and teams should they decide they want to stick to these times or need flexibility. We do not in most cases behave typically like companies who deduct leaves and salary for those who report in late to work in spite of working late the previous day! 

     

    Any special benefits or incentives for the employees?

     

    We have several benefits which are a first within the media planning industry.  We offer outpatient support to our employees and they can claim medical expenses up to a certain amount.

     

    We also insure the lives of our employees for four times of their annual compensation so that it secures their families in case of any serious event. We offer hospitalization and medical insurance to all our employees and their immediate family members.

     

     In terms of absolute rewards we have made our employees our partners in growth and most of our employees are eligible for variable pay depending on their and the company performance in addition to the base salary that they take home. We also have an online system that allows all our employees to be recognised and rewarded! They are eligible to earn stars and then redeem them online for a host of benefits!

     

    Our endeavour at all times is to ensure the welfare of our employees and ensure that they feel they are appropriately compensated for their efforts at work.

     

    What are the various capability-building initiatives undertaken by the agency? What is the frequency of such initiatives?

     

    There is an enormous focus on capability building within GroupM. Within the media industry one of the most common feedback that you get about GroupM is that they build careers of their employees and training is one of their biggest tools. We have an in-house trainer pool of over 45 trainers. This group is called the Aspire team and on an average every employee in GroupM gets about four man days of training.

     

    Aspire does an annual training needs assessment post which the training calendar is prepared. We have a huge focus on training team managers and leaders and we make a considerable amount of effort ensuring that our people are best equipped to handle their roles. We also focus on customised training and personalised executive coaching to those who need them.

     

    Other than the above we offer various external, regional and global training programs conducted by our global and regional partners and by WPP our parent organisation.

     

     How well-functioned is the grievance cell?

     

    We believe in constant and two way communication with our employees. Open Houses and town halls are a norm and our senior managers make it a point to stand there with our employees and communicate to them very transparently what is happening within the company and how the business is performing on a regular basis. During these interactions employees are free to voice their concerns and we address each and every one of them. 

     

    We also have a “Post Box” which is present in every office that allows employees to write not just about their grievances but also share ideas and suggestions. The best ideas get implemented and the employee who has shared theta gets recognised and rewarded. 

     

    We maintain a continuous feedback system within GroupM, for all new joiners we have a breaking in feedback , a six monthly feedback and an annual feedback which is captured and actioned on. On an annual basis we have an employee satisfaction survey that is conducted not just in India but globally to hear what our employees are saying and post the results of the survey we implement action plans for those areas that employees have pointed out need addressing.

     

    Our leaders operate on an open door policy and team members know that they can walk in to anyone and speak about their concerns in addition to this at any point they have an open option to walk up to any HR team member and speak to them if their  issues are not addressed. We are firm believers of active engagement at all times.

     

    At GroupM we believe that we are in the business of people and it is they who will lead us to creating client delight and they can do so only once they are delighted. To achieve this we believe constant and continuous two-way communication is essential to delivering value to our clients through our people! Our people know that there opinion counts and what they say matter to us!

     

    In today’s world when there are too many opportunities available, how do you retain talent?

     

    It is our belief that gone are the days when you could hire someone and he/she would work all their life for you! Today we consider ourselves as borrowers of talent. People will stay with you only once they are clear about what is in it for them! It is our ability to be able to articulate this clearly that has helped us retain our talent. GroupM and the agencies have the lowest attrition in the media industry in India and this is all thanks to our leaders who have walked the talk and ensured a transparent and an open environment for our people.

     

    During economic slowdown, did the agency let go of any people? If yes, then how many and at which level?

     

    We generally have been a cost conscious company. We believe that if there is an investment that has to be made it needs to be rational and logical. I still remember the high level meeting of the executive committee that was called when we realised that the economic environment globally had taken a dive. There was a complete consensus across the room that we will make it work and that none of our employees will be let go. HR embarked on a project that helped us re-profile and reposition our client teams and structures allowing us to ensure that every employee was gainfully employed and contributed to the organisation. In fact that year, not only did we close with a growth number but we also managed to recognise and reward our employees. I am extremely proud of the fact that in spite of the tough times as an organisation, the leadership team was able to place our people right at the top of our priorities and we were able to ensure continuity for each and every employee of GroupM! We did not let go of anyone.

     

    How does the appraisal system work in GroupM?

     

    We have an online appraisal system at GroupM for all our business units. We follow the management by objectives system, there are two parts, the first part consists of setting SMART objectives and the second part accesses the team member with regard to the behaviours/values of the agency or the business unit the team member belongs to.

     

    We ensure that managers have a conversation and there is a sign off from both the team member and the appraiser thus ensuring alignment on the final rating that is received by the team member. We have recently started getting our team members to also rate their appraisal performance as we believe that managing performance is an ongoing and continuous process and we would like our managers to be better at it.

     

    For leaders and senior managers we also conduct a 360 degree evaluation where even the team members get an opportunity to give feedback to the managers.

     

    According to you, what is the biggest HR issue gripping the corporate in the country?

     

    The issue that really keeps me awake these days is on how we can engage the millennia’s and get them to stay with us to build a career. Given that today the motivations of youngsters are very different and they are looking for fast growth, it is a challenge to be able to manage their expectations. The organisation of tomorrow is going to be built on their shoulders and if we are not able to engage, retain and grow them then that would affect us and our business. Even though we enjoy the lowest attrition rates across the media industry, I yet get worked up when I see youngsters joining us and leaving us in a short time. 

     

    We have rolled out several initiatives to engage them and get them to participate in decision making. The most talked about initiative has been the Youth Committee of GroupM where we have displayed the will to take participative management to the next level and give the youngsters a voice in organisational decision making. I am optimistic that with such initiatives like the YCO we will be able to retain and grow young talent within our agencies!  

     

     What is your take on revision of HR policies to cater to employees’ needs? Have any of the policies changed to suit the employees? (Give examples)

     

    Any policy that does not address an employee’s need is there just to be filed and kept in a policy manual with no impact!  HR policies have to be treated as guidelines and they need to be reviewed periodically. As a practice we do this once in two years and make the changes necessary. Like I mentioned we changed the working hours policy and empowered our unit heads to decide how they need their teams to operate. Similarly we also changed the leave policy to ensure that employees take their annual leave compulsorily ensuring a healthy work life balance. Customizing policies to meet the employee and business need is critical to the very existence of the policy without it, it’s just a piece of paper that gets filed in!

     

    One HR policy you are really proud of and why?

     

    There are several but one that I am particularly proud of is the policy of Holidays on Birthdays!

     

    This is because it was suggested by our Youth Committee (YCO) last year and was implemented immediately. The policy clearly states that you can take paid leave on your birthday no questions asked. It is simple and completely empowering, just like many other initiatives/policies in GroupM which allow our employees to decide for themselves!

  • GroupM ESP India and SportzPower launch sports sponsorship report 2014

    GroupM ESP India and SportzPower launch sports sponsorship report 2014

    MUMBAI: The sports & entertainment arm of GroupM, GroupM ESP and provider of sports business news and knowledge, SportzPower, have collaborated to bring the most comprehensive report on sports sponsorship.

     

    The study will capture the trends and developments in the Indian Sports Industry from 2008 to 2013. The report for the Indian Sports industry, documents important events during these years including the emergence of league-format sports in India like the Indian Premier League (IPL), Hockey India League (HIL), and Indian Badminton League (IBL) and traces developments in the Indian sports industry when sports business was in its nascent stages.

     

    Elaborating on the future of sports marketing in India, Group M south Asia CEO CVL Srinivas says, “This decade will transformational for Sports in India with a spectator base of over a billio n people, a dozen sports television channels beaming content round the clock and a rapidly growing list of keen corporates and brands waiting to invest in cricket and other alternate sports. The next few years marketing investment in sports will no longer be peripheral, and it will be paralleled with that of entertainment and mainstream cinema.”

     

    The report examined advertising investments in Indian Sport from four angles – On Ground, Team Sponsorship, Athlete Management, and Media Spends, and offers a comprehensive overview of sponsorship in Sport. The key takeaway the study offers is as follows:

    ·    Spend in Sport in India are dominated by cricket, and within it the Indian Premier League in particular.

    ·    Sports marketing spends between 2008- 2013 advertising investments in Indian sport rose roughly two fold with a total spend of Rs 21.39 billion in 2008 which rose by 92% to Rs 41.1 billion in 2014.

    ·    The market is slotted to grow exponentially in the next few years with other sports like Football, Basketball, Distance Running, Golf, Motorsports, Tennis, Hockey, Badminton and Contact sports complementing the Cricket Story since  the real opportunity lies in these under-leveraged and monetized areas.

     

    Focusing on the key developments expected in 2014, GroupM ESP national director sports and live events Vinit Karnik says, “Even though the IPL is off to a rough start this year, in the long run accountability, better corporate governance, more transparency, are all good for not just the IPL, but the BCCI too. The successful launch of HIL and IBL has set the stage for an action-packed 2014 as far as franchise-based leagues are concerned in cricket, football, hockey, badminton, tennis, wrestling and kabaddi. The big news of 2014 will be the inaugural edition of the IMG-Reliance-Star co-owned Indian Super League, which is set to bring all the bells and whistles associated with the IPL to football. There is also the commitment that IMG-Reliance, the commercial rights holders for football in the country, to improve the country’s top-tier soccer tournament. The I-League clubs will be hoping that IMG-R walks the talk on that front, though the prevailing sentiment is one of wariness as to what the future holds.”

     

    SportzPowerco-founder Thomas Abraham further discusses the future of sports broadcasting inIndia, “Indian sports TV broadcasting was, is, and will continue to be dominated by Cricket for theforeseeable future, contributing to 80 to 85% of the total television sports media revenues. However, other sports are also gaining prominence, especially Football, though interest remains predominantly for international leagues/tournaments. That is expected as the I-League improves as a television- friendly product and also with the launch of the Indian Super League (ISL) later this year. Other sports such as Badminton and Hockey have also started making their presence felt because of improved performances  by  Indian  players  in  the  international  arena,  coupled  with  increased  investments flowing into the two sports due to the launch of the Indian Badminton League (IBL) and the Hockey India League (HIL) respectively.”

     

    All in all, 2014 has more upsides than down. While there will be no Indian Grand Prix next year, there will be more leagues, sports like basketball are making rapid strides, and the whole wellness and fitness movement is gaining ever increasing traction, which in turn means more interest in sport as a participation activity and not just as spectator engagement.

     

     

  • GroupM India adds another feather to its cap with Porter Prize

    GroupM India adds another feather to its cap with Porter Prize

    MUMBAI: GroupM India has won the award for ‘leveraging unique activities’ at the prestigious Porter Prize 2013 event.

     

    GroupM is the first company from the media and advertising field to win this award. Elaborating the reasons why GroupM was chosen, Institute for Competitiveness India honorary chairman Dr Amit Kapoor said: “GroupM reflects effective rendering of activities across the value chain, how activities reinforce and synergies are created across its range of activities through a interlocking system that becomes basis for competitive advantage and sustainability. GroupM reflects an understanding that clearly states that good strategies depend on the connection among many things, on making interdependent choices and making a tailored value chain that competitors cannot easily imitate.”

     

    Porter Prize is one of the coveted awards in the field of strategy and competitiveness and is supported by the Institute for Competitiveness India.

     

    Speaking on the occasion, GroupM South Asia CEO CVL Srinivas said: “We are delighted to win the prestigious Porter Prize. This award is testament to GroupM India’s strategic approach to building the business that has resulted in a strong leadership position in this market. The diversified offerings of GroupM have scaled up over the years to become the new core of our agency. Our integrated product helps us provide unique value to clients to build their competitive advantage. All this wouldn’t have been possible without the support we get from our clients and business partners, the dedication and hard work put in by our talented team over the years, and the encouragement we get from GroupM regional, global offices and WPP to keep innovating and shaping the market.”

     

    GroupM India has continued its great run in 2013. Its agencies have dominated all industry awards, won over 60 new businesses and it has launched several initiatives in digital, content, experiential marketing and analytics.

  • Jawhar Sircar, CVL Srinivas, Suhel Seth to talk at Social Media Week

    Jawhar Sircar, CVL Srinivas, Suhel Seth to talk at Social Media Week

    MUMBAI: Seven days to go for Social Media Week (SMW) which will make its debut in the maximum city on 23 September.

    The event will see an exciting list of some of the most renowned professionals as speakers. Interacting with the crowd of Mumbai and speaking in special sessions on every possible aspect of social media will be names like:

    1.Subramanian Swamy, President, Janata Party

    2.Suhel Seth, Managing Partner, Counselage India

    3.Milind Soman, Runner, Model, Actor and Film Producer

    4.Gul Panag, Actress and Activist

    5.Jawhar Sircar, Chief Executive Officer, Prasar Bharati

    6.Dr. Sharad Kale, Padma Sree Award Winner, Professor- Homi Bhabha National Institute

    7.Devika Bhojwani, Socialist

    8.Alex Oberberg, Global Head of Markets Engagement, Social Media & Digital at Nokia

    9.Toby Daniels, CEO & Founder, Social Media Week

    10.Richard Lui, Journalist, MSNBC

    11.CVL.Srinivas, CEO, GroupM South Asia

    12.Max Hegerman, Managing Director, Edelman

    13.Simon Ashwin, Head of Digital, Mindshare North Asia

    14.Kiruba Shankar, Digital Entrepreneur, Author, Teacher & Farmer

    15.Kiran Khalap, Co-Founder, chlorophyll

    16.Kalyan Varma, Freelance Wildlife Photographer

    Mantralaya is one of the main venues where multiple events will take place for the government employees. Further, many Govt. of Maharashtra officials are actively taking part in this mega festival. Ajay Ambekar, Deputy Secretary Protocol, is on the Advisory Board and Rajesh Aggarwal, Secretary, Directorate of IT, will initiate the proceedings at Mantralaya with an opening address on 24 September.

    Multiple venues across the city are hosting the various events at SMW Mumbai. Catch these 100 plus exciting events across five days at iconic venues like: National Centre for Performing Arts (NCPA), blueFROG, Barking Deer, GroupM office, Westin and Trident.

    Kick start the week running with Milind Soman and end it with a ‘Chai & Pakoda’ bike ride with more than 250 bikers, while partying every evening at various hotspots of the city.

    One can register on www.socialmediaweek.org/Mumbai. Registration for all events is free of cost except for some events on the opening & the closing Day.

  • GroupM launches Y-Co in India

    MUMBAI: WPP‘s media agency GroupM has launched an initiative aimed at leveraging the talent of its younger executives.

    The agency network has nominated a committee of 14 individuals from across all its agencies and specialist units to a youth executive committee called Y-Co.

    All the individuals nominated to Y-Co are star performers in their 20s.

    According to GroupM, the Y-Co will help the agency drive its strategic agenda forward with creative, youthful ideas and initiatives. It will complement the executive committee (senior leadership team) and work like a mini EXCO.

    GroupM South Asia CEO CVL Srinivas said, “In a dynamic and digitally charged industry like ours, youngsters have a much better grip of what is going on. We felt it was time we gave them a platform for full and effective participation in decision-making. Implicit in this commitment is an acknowledgement that young people are part of the solution and catalysts of change.”

    Y-Co was formally launched by GroupM Global president Dominic Proctor during his recent visit to India.

    GroupM talent head Sonali Vaidya said, “We have a great talent pool of high performers amongst our younger staff. We plan to give them all a chance to be a part of Y-Co by rotating membership. We hope to build a better connect between the seniors and juniors of the organisation through this initiative.”

  • CVL Srinivas replaces Sakhuja at GroupM as South Asia CEO

    MUMBAI: CVL Srinivas, who has put in his papers at Starcom MediaVest Group (SMG), will join GroupM to succeed Vikram Sakhuja as its South Asia CEO.

    At SMG, Srini, as he is fondly known, was designated as SMG India chairman and LiquidThread APAC MD.

    Effective from early 2013, Srini will be responsible for all GroupM operations in India, Pakistan, SriLanka and Bangladesh. He will also join the GroupM APAC executive committee.

    In his new role, Srini will report to GroupM APAC CEO Mark Patterson.

    Patterson said, ” Srini was our first choice by some stretch for this role. In his previous roles in GroupM he excelled and he rejoins us with more and different experiences under his belt which will serve our clients , our people and our ambitions well. We have a world class business in the South Asia region and Srini has the skills, personality, relationships and attitude to build the business on strategy and with his own style and ideas too.”

    “He will add huge value in South Asia, to our business in the wider APAC region and no doubt WW too. I am personally very excited and delighted to work with Srini closely once again as I am sure are many of his colleagues and friends in GroupM,” he added.

    Srinivas said, ” I am really looking forward to taking up this role and going back to an organisation where I learnt the ropes and built a business . Vikram and his team have done a phenomenal job in growing the business and diversifying the service offerings to date I am thrilled to be joining a talented team and working with such a portfolio of powerful media brands and fantastic clients . Mark has outlined a vision for the business regionally and globally that I am excited and challenged about and one I look forward to participating in fully. “

    Sakhjua , former GroupM Asia CEO, was announced as the global CEO for Maxus in July. “It has been a privilege and a joy over the past fifteen years to work with Srini as a client, a colleague and a competitor . Srini brings truly disruptive thinking to the party and to my mind is the best person I can think of to take GroupM South Asia to an increasingly integrated , digital , data driven and addressable age. Welcome back to the family Srini,” Sakhuja said.

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    Mallikarjunadas replaces Srinivas as SMG India head